Problems-our guaranteed 5-10 year roof (our loan required it) literally started flying apart the month we moved in. The front part has to be replaced ASAP and the porch rotted out this winter because it is enclosed concrete with wood floor and the roof got a hole from the extreme weather. This house has really been nothing but a money pit. So somehow we will have to fix all of this AND come up with more money than we could ever imagine having to sell it? We're not worried about it selling, we've had people inquire of us already, even.
So what I'm wondering is:
How to find the money for required repairs? Would they even give us a bank loan to remodel knowing we were about to sell?
How much do you suppose selling costs would be and how much we would lose selling a $75k house?
Is financing harder for a second house? We've made every payment on time and should still have good credit, but would getting a loan be harder or more costly than a first time mortgage? Dh wants to rent, but we have a house of pets and kids, so it's nearly impossible to find a rental.